Re: Incoming Avalon News 8/9/2013

This is the account where the coins from chip orders have gone:
https://blockchain.info/address/1FGAftzSTztFSB8LMwsrdCKTyqGY6zr3sU?offset=0&filter=0

Judging from the balance, that's about 3.036 pcs of full Avalons worth of chip orders.
What's interesting here is that I don't see any outgoing payments from this account.
Meaning, the chip orders to TSMC must have been paid from other sources.

So, basically Bitsyncom -could- refund all chip orders if they had to, as they are still holding all the funds.
Maybe I'm wrong, this is just my view of the situation.

My point exactly. Refund the groupbuys or whoever made an order with them.. But what do you mean 3.036? there's hundreds of thousands of chips ordered..

Millons. Apparently at least 2.1 million existed and were in Bitsyncom's possession in June. This ame from a BTCman thread in June, the link is below. I don't speak Chinese, but it was from a disenchanted designer in Bitsyncom that claimed with solid photographic evidence 2.1 million chips worth 14.7 million USD existed, ready to ship.

From Aiwill four days ago; https://bitcointalk.org/index.php?topic=264696.msg2868479#msg2868479

Hello everyone...er... Hello every shareholder,

About that "big news" regards to Avalon:

From a thread at btcman.com that was posted by a ID called "gridchip" last month, we (incl. all btcman`s members) can sure that Avalon team do have a big discord inside. It was written in chinese and need to register&login to read ,so I d prefer not giving the link here (all chinese shareholders can find it at "比特币挖矿区" board) However, I hardly believe the rest of this news is real.

I believe this is the link;

http://www.btcman.com/bbs/forum.php?mod=viewthread&tid=4621&extra=page%3D1&page=4

Do we have anyone here that can join and read through the Chinese forum and tell us what's up?

What does it say?

Bitsyncom has been free to manufacture as many chips as they want at cost for themselves or for other customers who paid via other methods/routes.
So by no means this number correlates with the actual number of manufactured chips.

Anyway, I can see my payment on that list, so that's where at least my money is now sitting at.